Fortune May 17, 2022

A recession could tank the value of the U.S. dollar, Goldman Sachs says

The U.S. dollar is dominant, but for how long?

The U.S. dollar index has gained 15% since last year, as the Federal Reserve’s hawkish stance on inflation has boosted its strength against other currencies. Since the Fed began hiking interest rates in March, returns in the U.S. have become increasingly attractive and global investors have turned to more dollar-denominated investments.

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